Generic Hero BannerGeneric Hero Banner
Latest Market News

Draught limits tighten on lower Mississippi River

  • Spanish Market: Coal, Fertilizers, Freight, Oil products, Petroleum coke
  • 23/09/24

The US Coast Guard (USGC) placed further restrictions on traffic on the lower Mississippi River as water levels continue to deteriorate.

The USCG on 22 September announced that all northbound traffic cannot have draught deeper than 9.5ft from Tunica, Louisiana, to Greenville, Mississippi. For Greenville to Tiptonville, Mississippi, barges must remain above a 9ft draught, the shallowest draught channel allowed for the lower Mississippi River by the US Army Corps of Engineers.

All northbound transit also cannot load more than four barges wide or configure more than five barges wide.

Southbound traffic from Tiptonville to Greenville cannot be more than six barges wide or deeper than 9.5ft. Greenville to Tunica southbound barges can load as deep as 10ft but cannot be more than seven barges wide.

All locations between Cairo, Illinois, and Greenville fell back to their low water threshold over the weekend as rainfall from Hurricane Francine flowed down the river.

More grain has moved downriver this year compared with last year as the US Department of Agriculture (USDA) expects higher US grain exports in the 2024-25 marketing year. Around 367,000 short tons of grain moved for the week ended 14 September, which is about double the same period a year earlier, the USDA said. Both south and northbound movement is expected to see a heavier pace in October.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

08/07/25

French diesel, HVO customs data mislabelled: Eurostat

French diesel, HVO customs data mislabelled: Eurostat

Barcelona, 8 July (Argus) — French firms have mislabelled imports of 10ppm diesel as hydrotreated vegetable oil (HVO) this year, following confusion over new customs codes, EU data service Eurostat has said. The confusion has come about after the introduction of a new import-export (CN) code for HVO that took effect at the start of 2025. Some French data will be restated. A diesel code of 27101943 was discontinued at the end of 2024 and was replaced by 27101944. A new CN code 27101942 for HVO was introduced. HVO is produced by treating vegetable oil with hydrogen, counts against biodiesel blend mandates, but is molecularly separate from biodiesel output by esterification. When customs data for 2025 began to be published at the end of the first quarter, France appeared to be importing large amounts of HVO from Saudi Arabia and the US. Cargoes from the former amounted to around 255,000t in the first quarter. Saudi Arabia has no HVO production known by Argus , nor does it re-export cargoes. It is France's largest diesel supplier. There were also 140,000t labelled as HVO from the US in January-March. But because the EU has anti-dumping and countervailing duties on US HVO imports, shipments of this size appeared questionable. The US is the second biggest diesel supplier to France. The mislabelling has made French and EU HVO traffic difficult to track. It has distorted French diesel import data , which show imports have fallen sharply. Argus first questioned the numbers in March when initial 2025 customs data were released. These queries were rebuffed, but after a follow up in May Eurostat said French customs had "confirmed that there has been an input error". New data will be supplied by France at an unspecified time this year, it said. By Adam Porter Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Jordan’s JPMC sells DAP in $810s/t fob


08/07/25
08/07/25

Jordan’s JPMC sells DAP in $810s/t fob

London, 8 July (Argus) — Jordanian producer JPMC has sold a 45,000-50,000t DAP cargo to a trading firm in the $810s/t fob Aqaba. The cargo will load in late July and will probably be shipped to India. The price is $814/t fob, market sources said, netting forward to the high $820s/t cfr west coast India. JPMC did not confirm the quantity or shipment time and did not give an exact price, but said the price is higher than $814/t fob. No confirmation was forthcoming from the buyer. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU proposes support package for chemicals sector


08/07/25
08/07/25

EU proposes support package for chemicals sector

Brussels, 8 July (Argus) — The European Commission today proposed a package of measures to support the EU chemicals sector, aiming to address high energy costs, global competition and weak demand. The plan includes extending emissions trading system (ETS) compensation to more producers and simplifying fertilizer registration rules. The commission said the simplification measures could save the sector €363mn/yr. The proposals are part of a broader action plan to boost competitiveness and secure supply chains. A new Critical Chemicals Alliance will identify key production sites in need of policy support, including on trade issues such as supply chain dependencies and market distortions. The commission also pledged to apply trade defence measures more quickly and expand chemical import monitoring under an existing surveillance task force. While the commission stopped short of proposing a Critical Chemicals Act — which would legally define specific chemicals for support — it named steam crackers, ammonia, chlorine and methanol as "essential" to the EU economy. The alliance will aim to align investment and co-ordinate support, including through the bloc's Important Projects of Common European Interest (IPCEI) programme. The commission also decided on new rules legally defining low-carbon hydrogen today and said it plans to allow more state aid for electricity-intensive chemical producers by the end of the year. It also encouraged the use of carbon capture, biomass, waste and renewables. EU industry commissioner Stephane Sejourne said the action plan uses "all levers" to put the chemicals sector back on a growth track, with measures to retain steam crackers and other key chemical assets in Europe. He also highlighted efforts to secure domestic demand for "clean and made-in-Europe chemicals". The commission will align fertilizer registration rules with the EU's REACH chemicals framework, applying standard REACH provisions and streamlining the assessment of micro-organisms used in fertilizers. Officials said the changes will maintain safety and agro-economic efficiency standards while allowing a broader range of micro-organisms. For ETS indirect cost compensation, the commission plans to expand the list of eligible chemicals — including organic chemicals and fertilizers — but must first update existing state aid guidelines, a senior EU official said. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australia's Gladstone port coal exports drop in FY25


08/07/25
08/07/25

Australia's Gladstone port coal exports drop in FY25

Sydney, 8 July (Argus) — Coal shipments out of Australia's Gladstone Port — which mainly supports coking coal mines in the northeastern state of Queensland — fell by 2.5pc on the year to 64mn t for the July 2024-June 2025 financial year. The decline was due to a mix of domestic operational and weather challenges, and subdued global steel production. Coal producers in the region faced multiple mine, rail, and port disruptions over 2024-25, beginning less than a month into the financial year. Rail operator Aurizon — which manages the lines linking Queensland's mines to Gladstone Port — closed its 100mn t/yr Blackwater and 30mn t/yr Moura lines for two weeks over July-August 2024. Gladstone Port faced its own challenges later in the year. The LNG and coal hub handled [multiple work stoppages in December]( https://direct.argusmedia.com/newsandanalysis/article/2640101), during tense labour negotiations between the port's management and five worker unions. Coal and LNG exports from Gladstone fell by 9.3pc and 2pc, respectively, that month . Challenges around the port continued into 2025. Global natural resources company Glencore's Oaky Creek mine along Aurizon's Blackwater line has been shut since late-April 2025 due to a water leak from a storage facility. Another mine, US-Australian producer Coronado's Curragh mine, faced cash availability challenges for much of the year. Australian producer Whitehaven Coal, which ships coal out of a number of Queensland ports, including Gladstone, also reported reduced coal sales in January-March because of wet weather. Coal financing issues in Queensland — and the rest of Australia — will likely persist in 2025-26. Australian producer Bowen Coking Coal, which produces both thermal and coking coal at its flagship Burton mine complex, said on 3 July that it may soon need to halt or reduce production at the site, if it is unable to raise capital. The company was suspended from the Australian Stock Exchange (ASX) a few days later and remains suspended. Chinese purchases of Gladstone coal also fell in the 2024-25 financial year as the country's crude steel output waned. China-based steelmakers cut production by 1.7pc on the year in January-May 2025, data from China's National Bureau of Statistic show. Accordingly, China's coal buying from Gladstone also fell 5.2pc on the year, port data showed. Demand for Gladstone coal was largely supported by Vietnamese and Taiwanese buying in 2024-25 (see table) — a trend which is expected to continue over the coming years. Vietnam-based steelmakers bought 4mn t of Gladstone coal over the fiscal year, up from 2.7mn t in 2023-24. The country's coal imports — which include both thermal and coking coal — rose to a 23-month high in May, Vietnamese customs data show. Vietnamese demand for Australian coking coal is expected to remain elevated in 2025-26, pushing up Queensland coal exports , the state government said in June. The state also expects buying from India to rise though coal shipments to the south Asian country fell by 11pc on the year for the 2024-25 financial year to 11.8mn t. By Avinash Govind Gladstone coal exports (July-June financial years) t 2024-25 2023-24 Change (%) Vietnam 4,012,532 2,706,506 48 Taiwan 3,939,110 2,956,583 33 Japan 18,063,450 18,464,123 -2.2 India 11,784,331 13,167,414 -11 China 10,201,030 10,759,961 -5.2 Total 64,291,396 65,961,612 -2.5 * Total includes other countries Source: Gladstone Ports Corporation (GPC) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Tokyo unlikely to yield on car levy despite US pressure


08/07/25
08/07/25

Tokyo unlikely to yield on car levy despite US pressure

Tokyo, 8 July (Argus) — The Japanese government is unlikely to offer concessions to the US for an automobile deal in stalled trade talks between the countries, even after Washington announced plans to raise tariffs on Japanese imports. Each government has its own interests to defend, the country's minister for trade and industry (Meti) Yoji Muto said on 8 July, reiterating that the automobile sector is a key industry for the Japanese economy and is vital to national interests. Muto reiterated Tokyo's intention to pursue a resolution through negotiations, but without compromising its core economic priorities. This suggests that there is little space for Tokyo to accept auto tariffs imposed by the US. This comes after US president Donald Trump announced plans to impose additional tariffs of 25pc on all imports from Japan from 1 August, slightly higher than the initial rate of 24pc set in April. Trump threatened to impose an even higher levy if Tokyo moves to retaliate against the measure. "We have had years to discuss our trading relationship with Japan, and have concluded that we must move away from these long-term, and very persistent, trade deficits engendered by Japan's tariff, and non-tariff policies and trade barriers," Trump said in his official letter to the Japanese government. "Our relationship has been, unfortunately, far from reciprocal." Tokyo and Washington have held seven trade talks on the US tariff since mid-April without reaching an agreement. Japan was initially seen as a frontrunner among other US trading partners in the negotiation, but progress has stalled partly because of disagreements over the auto sector. The Trump administration has long expressed strong dissatisfaction against the imbalance in US-Japan car trade. Japan exported around 1.3mn automobile units to the US market in 2024, and only purchased 14,724 units of US vehicles during the same period, according to Japanese customs and industry group the Japan Automobile Manufacturers Association, respectively. Tokyo has declined to disclose the details of the ongoing negotiations, but the country's prime minister Shigeru Ishiba in mid-June reiterated that the automobile sector is vital to Japan's national interests, underscoring the car sector as a key sticking point in the trade talks. By Yusuke Maekawa and Kohei Yamamoto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more